RYANAIR AGREES CEO CONTRACT TO APRIL 2032

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Ryanair Holdings plc has agreed to extend Group CEO Michael O'Leary's contract until April 2032, following discussions with shareholders. His new contract includes a modest salary and a capped bonus, along with a one-off option to purchase 10 million ordinary shares at a strike price of €26.70/$65.00. This option is contingent on O'Leary remaining with the company until April 2032 and achieving specific performance targets, such as full-year profit after tax exceeding €4.0 billion or the share price surpassing €42 or $102 for 28 consecutive days. An amended remuneration policy will be presented for an advisory vote at the 2026 AGM.

Disclaimer*

Ryanair Holdings PLC

19 June 2026

RYANAIR AGREES CEO CONTRACT TO APRIL 2032

The Board of Ryanair Holdings plc today (19 June) confirmed that they have agreed a contract under which Michael O'Leary ("MOL") will remain as Group CEO until April 2032. This concludes months of discussion with MOL and extensive engagement with the Group's largest shareholders. MOL's new contract includes a modest annual salary and a capped annual bonus. MOL will qualify for a new one-off purchase option over 10m ord. shares. Subject to MOL remaining in employment with the Group until April 2032, these options will be exercisable at a strike price of €26.70/$65.00 (equal to the prevailing market share price in Feb. 2026, before the recent share price fall due to the war in Iran), but only if Ryanair's full year PAT grows to over €4.0bn (for full vesting) or if the price of either Ryanair's ordinary shares or ADRs exceeds €42 or $102 respectively for 28 consecutive days, during the period to 31 March 2032. Achievement of these very ambitious targets would create substantial additional value for all Ryanair shareholders.

Ryanair Chairman, Stan McCarthy said:

"As previously announced, this Spring the Board commenced discussions with MOL on his contract. I am pleased to report that this process, which included extensive engagement with Ryanair's largest shareholders, has successfully concluded with Michael agreeing to extend his leadership of the Ryanair Group for the next 6-years to April 2032, for the benefit of all shareholders."

Note: An amended remuneration policy, reflecting the new arrangements with MOL, will be tabled for an advisory vote at Ryanair's 2026 AGM.

ENDS

For further information

please contact:

www.ryanair.com

Jade Kirwan

Ryanair Holdings plc

Tel: +353-1-9451799

Cian Doherty

Drury

Tel: +353-1-260-5000

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